A debt buyer is a firm that purchases debt from another company, usually a creditor or bank, at a deeply discounted rate. The debt purchaser then attempts to collect the debt through its own operations or through the use of a third-party debt collection agency. Some debt buyers may sell all or part of the debt to another party at a profit. Most debt buyers are small and privately held, though there is a handful of publicly traded debt buying companies. Recent changes in law and legal rulings have seen the debt buying industry regulated like collection agencies, or servicers of debt, rather than creditors, or owners of the debt. Debt buyers must adhere to the FDCPA.

See all Topics
 [Image by creator bbourdages from AdobeStock]

A Review of Supreme Court Justice Amy Coney Barrett's Prior FDCPA Court Decisions

27 October 2020

Credit Eco to Go and insideARM podcast partnership [Image by creator  from ]

Credit Eco To Go: A State of the ARM Industry Discussion

21 September 2020

Business man yelling into a megaphone [Image by creator motortion from AdobeStock]

CFPB Sues Encore for Issues Related to Collection Litigation and Time-Barred Debts (and the Irony Behind Some of These Claims)

9 September 2020

A western-style ranch sign that says "Welcome to colorful Colorado" against a dark sky and red mountains [Image by creator MarekPhotoDesign.com from AdobeStock]

Colorado Proposed Debt Collection Rule Changes, Stakeholder Meeting Scheduled

13 August 2020

New York skyline and Statue of Liberty [Image by creator THANANIT from AdobeStock]

Breakdown of NYC DCA FAQs and Reporting Requirements for New LEP Rule

10 August 2020

 [Image by creator blacksalmon from AdobeStock]

How Your Peers are Handling Strategy & Tech Issues, Data Straight from the iAST Polls

22 July 2020

 [Image by creator Cla78 from AdobeStock]

OCC Issues Final Rule to Fix Madden, and Clarify the Validity of the ‘Valid When Made’ Doctrine

3 June 2020

Stephanie Eidelman and Marcelo Aita [Image by creator  from ]

Building Spring Oaks Capital During a Pandemic: A Conversation with Marcelo Aita

28 April 2020

A white computer keyboard with a large green key that says "Payment" [Image by creator ArtemSam from AdobeStock]

Moral of the Story: Web Payment Portals Need Time-Barred Debt Disclosures if Applicable

28 April 2020

 [Image by creator denys_kuvaiev from AdobeStock]

Washington State Enacts Legislation Targeting Consumer Debt Purchasers

27 April 2020

Image of road sign that says "Massachusetts Welcomes you" [Image by creator spiritofamerica from AdobeStock]

Massachusetts Releases FAQs About Its COVID-19 Guidance

6 April 2020

 [Image by creator Frank Fennema from AdobeStock]

Illinois Regulator Issues Guidance to Collectors and Debt Buyers: You're Not "Essential," But Here's What You Can Do

31 March 2020

New York skyline and Statue of Liberty [Image by creator THANANIT from AdobeStock]

New York Temporarily Halts Collection on Medical, Student Debt Owed to the State

18 March 2020

Photo of dice with letters forming the words "rules and regulations" [Image by creator anyaberkut from AdobeStock]

Time-Barred Debt SNPRM Comment Clock Starts Ticking

2 March 2020

File drawer with one folder in focus, labeled "Court Decisions" [Image by creator tashatuvango from AdobeStock]

Quick FDPCA Stats from the iA Case Law Tracker

27 February 2020

 [Image by creator LittleGallery from AdobeStock]

Whitepaper on Debt Collection Released by the Conference of State Bank Supervisors

13 February 2020

Image of road sign that says "Massachusetts Welcomes you" [Image by creator spiritofamerica from AdobeStock]

Mass. AG Enters $4M Settlement with PRA for Allegedly Violating Consumer Protection Laws

11 November 2019

US Capitol Building [Image by creator Gary from AdobeStock]

Three Hot Topics—and Some Partisan Squabbling—Highlighted at Kraninger's Congressional Hearing

17 October 2019

A judge's gavel sitting on a pile of cash [Image by creator Pakhnyushchyy from AdobeStock]

Court Trebles TCPA Damages Against Debt Collector for Using Skip-Traced Numbers, Awards ~$300k

2 October 2019

US Capitol Building [Image by creator Gary from AdobeStock]

In-Depth Discussion of Hot Topics from House Fin. Servs. Committee Debt Collection Hearing

30 September 2019